Housing Price Cycle or Housing Price Bubble? Evidence from Economic Phenomenon and Stability Test

• Main Authors: Yip, Chee Yin, Wu, Kok Hoong, Aminaddin, Nabilah
• 格式: Conference or Workshop Item
• 語言: English
• 出版: 2016
• 主題: HB Economic Theory
• 在線閱讀: http://repo.uum.edu.my/25071/1/ECoFI%202016%20117-124_1.PDF; http://repo.uum.edu.my/25071/

This paper aims to differentiate housing price bubble from a housing price cycle using graphical analysis, cointegrating regression and mean reversion regression. The results suggest that housing market in Malaysia is not facing a bubble at the point of time because there is no sharp upsurge and r...